Summary
Overview
Work History
Education
Skills
Affiliations
Languages
Websites
Timeline
Generic

Tanveer Gautam

New Delhi

Summary

Dynamic Sourcing Manager with a proven track record at Bank of America Continuum India, specializing in strategic sourcing and contract negotiation. Achieved $80 million in savings through innovative procurement strategies and effective supplier evaluation. Adept at market analysis and fostering supplier relationships, driving operational excellence and value creation.

Overview

12
12
years of professional experience

Work History

Sourcing Manager

Bank of America Continuum India
Gurugram
10.2022 - Current
  • Developed various sourcing strategies, such as competitive sourcing, outsourcing, and strategic sourcing, to optimize the procurement processes for the Centre of Excellence.
  • Ensured effective sourcing for categories such as IT (Software), Market Data, and Professional Services (tech/non-tech).
  • Negotiated and drafted contracts, reviewed legal documents, and ensured compliance with organizational standards.
  • Conducted market research to identify potential suppliers and assess pricing trends.
  • Solicited vendor proposals and evaluated them for accuracy, completeness, compliance with requirements, and overall value proposition.
  • Analyzed the spend and implemented concepts such as supplier rationalization and early engagement of suppliers, which in turn helped in streamlining the overall procurement process.
  • Reviewed contract performance to identify various commercial and non-commercial terms for value leakages, and developed mitigation strategies through amendments and addenda.
  • Assisted in developing strategies for mitigating contractual risk exposure within the organization.
  • Implemented cost-saving measures through effective negotiation techniques, which resulted in a gross saving of approximately $80 million USD for FY 2024-25 across different categories.
  • Focused on negotiation techniques such as Benchmarking, TCO reduction, BATNA, and WATNA, which resulted in massive overall value through the sourcing effort.
  • Led the supplier diversity, ESG initiatives to promote sustainability.

Assistant Procurement Manager

NTT Data Services
Gurugram
06.2021 - 09.2022
  • Managed DaaS-Procurement Operations for corporate materials and services, ensuring comprehensive coverage of contract requirements.
  • Developed supplier strategies and onboarded new suppliers to promote fair competition in Continental projects.
  • Oversaw setup, testing, and maintenance of Catalogs (CIF & Punch-out) on Ariba Network.
  • Monitored pricing changes and evaluated their impact on sales performance regularly.

Sourcing Specialist

AIG
Gurugram
12.2017 - 06.2021
  • Developed sourcing strategy through RFX and reverse auctions to optimize bidding processes.
  • Designed interactive financial and performance dashboards for informed decision-making.
  • Created analytical representations and reports from historical data to guide future strategies.
  • Managed existing spend while addressing requirements with a long-term vision.
  • Specialized in cost-saving initiatives and implemented process improvements via service improvement plans.

Procurement Analyst

Accenture Operation Services Private Limited
Gurugram
12.2015 - 11.2017
  • Monitored inventory levels to ensure timely replenishment of materials and supplies.
  • Prepared detailed reports on procurement activities for management review and strategy development.
  • Negotiated terms with vendors to ensure competitive prices while maintaining quality standards.
  • Evaluated bids from vendors based on pricing accuracy as well as quality assurance requirements.

Procurement Engineer

Everest Blower Systems Pvt. Ltd.
New Delhi
05.2015 - 12.2015
  • Executed comprehensive forecasting and budget development by categorizing expenditures.
  • Streamlined costing operations to align with financial objectives.
    Cultivated new vendor partnerships to diversify supply chain options.
  • Negotiated contracts to optimize costs and service levels.
    Produced detailed spend management reports for strategic decision-making.
  • Administered supplier relationship management to strengthen operational ties.

Purchase Engineer

Motherson Sumi Systems Ltd.
Noida
04.2013 - 05.2015
  • Managed procurement processes for 24x7 wire manufacturing plant operations.
  • Controlled inventory levels to optimize resource availability and reduce costs.
    Developed new vendor relationships to enhance supply chain efficiency.
  • Executed reverse engineering projects for spare part development and cost reduction.
  • Conducted audits and implemented control measures to ensure compliance and efficiency.
  • Led improvement initiatives to drive operational excellence and productivity.

Education

Bachelor of Technology - Mechanical Engineering

Maharshi Dayanand University
Haryana
04-2013

Senior Secondary - Science

CAMBRIDGE FOUNDATION SENIOR SECONDARY SCHOOL
New Delhi
04-2009

Skills

  • Strategic sourcing
  • Contract negotiation
  • Supplier evaluation
  • Market analysis

Affiliations

  • When I’m not on the job, I love travelling with my friends, working my way through my small terrace garden, and indulging in my love for singing

Languages

Hindi
First Language
English
Advanced (C1)
C1

Websites

Timeline

Sourcing Manager

Bank of America Continuum India
10.2022 - Current

Assistant Procurement Manager

NTT Data Services
06.2021 - 09.2022

Sourcing Specialist

AIG
12.2017 - 06.2021

Procurement Analyst

Accenture Operation Services Private Limited
12.2015 - 11.2017

Procurement Engineer

Everest Blower Systems Pvt. Ltd.
05.2015 - 12.2015

Purchase Engineer

Motherson Sumi Systems Ltd.
04.2013 - 05.2015

Bachelor of Technology - Mechanical Engineering

Maharshi Dayanand University

Senior Secondary - Science

CAMBRIDGE FOUNDATION SENIOR SECONDARY SCHOOL

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